Economy News

Economy

U.S. Trade Deficit Narrows to $147.9B in February, Defying Analysts' Predictions

The U.S. trade deficit unexpectedly narrowed to $147.9 billion in February, with exports rising and imports slightly decreasing. Wholesale inventories also showed growth, indicatin...

Economy

US Economy Shows Resilience: GDP Growth Revised Upward to 2.4% in Q4 2024

The US GDP growth for Q4 2024 was revised upward to 2.4%, driven by consumer and government spending despite a decline in investment. Real GDI surged by 4.5%, and corporate profits...

Economy

Early Signs of Economic Disruption: How US Tariffs Are Reshaping Trade Patterns in 2023

Fitch Ratings reports early economic disruption signs from US tariffs, with a January surge in US imports as businesses front-load shipments. Industrial supplies and consumer goods...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Dip to 224,000, Beating Expectations

The US Department of Labor reports a slight decrease in initial jobless claims to 224,000 for the week ending March 22, with the 4-week moving average also declining. The insured u...

Economy

RFK Jr. Announces Sweeping HHS Overhaul: 10,000 Jobs to Be Cut in Major Restructuring

Health and Human Services Secretary Robert F. Kennedy Jr. plans a major overhaul, cutting 10,000 jobs and consolidating agencies to refocus on core missions, including a new divisi...

Economy

French Economy Minister Criticizes US Tariffs as Harmful and Uncooperative Move

France's Economy Minister Eric Lombard criticizes US tariffs on European automakers as harmful, urging cooperation. The EU prepares retaliatory measures, hoping to avoid a prolonge...

Economy

ECB's Wunsch Warns: US Tariffs Could Disrupt Global Interest Rate Strategies

ECB's Pierre Wunsch discusses how US tariffs could complicate interest rate paths, highlighting risks to growth and inflation. Trump's new tariffs on non-US made cars add to existi...

Economy

French Economy Minister Condemns US Tariffs as a Threat to Global Trade Cooperation

France's Economy Minister Eric Lombard criticizes US tariffs on European automakers, calling them damaging and counterproductive. He advocates for cooperation over confrontation an...